Soybeans drop, corn and wheat also move lower

Soybeans drop, corn and wheat also move lower

Soybeans were sharply lower on profit taking and technical selling. Export sales were up on the week, but lower than expected, and soybean oil is down sharply ahead of the monthly crush numbers. The October crush of 197 million bushels was up 29 million from September and unchanged from October 2021, with tighter soybean product supplies. Additional pressure from beans and bean oil can also be tied to the revised RVO numbers that were out Thursday.

    

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